If a RSI Divergence + Resistance area rejection occurs to form a double bottom
Waiting for inverse head and shoulders pattern to occur; and break of neckline to go long to top of bullish channel.
Rejection of range near resistance + 50% fib zone expecting trend continuation
Confluence of resistance + 50% Fib zone; waiting for last test to SHORT and continue with trend.
Weakness at bottom of range + RSI Divergence
Long if we get a break out, ride it to atleast top of range.
Head & Shoulders Pattern in down trend
Retest of area of interest where we have confluence of Resistance turned support, which is also the neckline of a Head and Shoulders pattern.
Waiting for confluence at resistance , fib zone 61.8 to present itself to SHORT .
If we get a retest at previous support; confluence with 50% fib zone.
Should we get a further bullish run to 61.8 fib zone, we will have confluence of trendline and resistance area for a SHORT entry.
Multiple rejection on support level with an apparent RSI divergence that can be spotted. Going long to nearest resistance level.
Waiting for retest which will create confluence at fib zone 61.8% to go LONG. 4H timeframe has divergence supporting it.
Confluence of 50% Fibzone on Support area
Going long due to Divergence on Support area
Expecting to go short to complete head and shoulders pattern from resistance level.
Expecting head and shoulders pattern to complete.
Pair is in a downtrend, retraced to 61.8 % fib level and got rejected down to 50% fib level. A head and shoulders pattern has formed; Expected to drop once neckline is broken.
